Raj Rajaratnam Defends the Actions That Sent Him to Prison

Raj Rajaratnam, the mastermind of what prosecutors called one of the largest hedge fund insider-trading rings in U.S. history, maintained his innocence, criticized the rules that convicted him and said he’s back trading stocks.

“The insider-trading laws are murky,” Rajaratnam said Friday in an interview with Bloomberg Television, adding that all the trades questioned at his trial were based on his analysts’ written analysis.

“I did listen to people but I never traded on that,” he said. “We showed that every conversation we had was in the public domain.”

Rajaratnam, 64, was released from federal prison in 2019, after ...